Untethered

View this email in your browser

DAILY ENERGY NEWS | 07/13/2023

Subscribe Now

The "expert class" continues to show how far removed they are from reality.

Daily Caller (7/11/23) reports: "By cutting off oil and gas exploration as part of a global campaign to achieve net zero emissions by 2050, policymakers aligned with climate activists are “misdirecting scarce innovation resources,” according to an analysis of energy transition efforts. While proponents of Environmental, Social, and Governance investing continue to seize upon the International Energy Agency’s (IEAs) “roadmap” for reaching net zero as a plug for their ambitions, the authors of a new study probing into the agency’s projections find that they are based on faulty assumptions. The net zero initiatives that IEA foresees can only materialize if demand for coal, oil, and natural gas plummet while consumers gravitate toward so-called renewable energy in the form of wind and solar. But as the report from the RealClearFoundation and the Energy Policy Research Foundation makes clear, this is a dubious proposition. 'Rather than being a plausible description of the future, demand for hydrocarbons withering away is best thought of as an expression of a political or an ideological aspiration, as opposed to an objective assessment of the future,' the report says."

"You can bet that Al Gore and his chums at Davos are not dining on insects as they rake in the cash from scaring the bejeezus out of our children and gullible adults."

–Duggan Flanakin, CFACT

Biden is coming for your cars (and Harleys, and trucks, and anything else that works and you enjoy).

Wall Street Journal (7/12/23) column: "'The Impossible Dream' is the title of a new report on electric vehicles from the Manhattan Institute’s Mark Mills. After reading the particulars one wonders whether that title is too optimistic. One issue that probably hasn’t received enough attention is that even if politicians can manage to force all of humanity out of cars with internal combustion engines, it will still be extremely hard to meet political emissions targets unless the surviving electric vehicles are small and scarce. What also may not be appreciated given all the alleged innovation surrounding EVs is that production of the minerals needed to make them may become less environmentally friendly, not more. Not that it will be easy to get consumers to give up their gasoline-powered cars. Mr. Mills writes: '. . . policies unprecedented in scope and consequence are planned to ban the sale of the type of vehicle that 99% of people use—that is, vehicles powered by an internal combustion engine (ICE). Instead, government policies are being launched to mandate, directly and indirectly, electric vehicles (EVs). Rarely has a government, at least the U.S. government, banned specific products or behaviors that are so widely used or undertaken. Indeed, there have been only two comparably far-reaching bans in U.S. history: the Eighteenth Amendment to the U.S. Constitution, which prohibited the consumption of alcohol (repealed by the Twenty-First Amendment); and the 1974 law prohibiting driving faster than 55 mph. Neither achieved its goals; both were widely flouted, and the first one engendered unintended consequences, not least of which was criminal behavior.' So the precedents are not encouraging, and consumer embrace of electric vehicles may not be as enthusiastic as it appears."

But you, dear citizen, are the problem.

"This issue of transportation is fundamentally about just making sure that people have the ability to get where they need to go!"

Daily Mail (7/11/23) reports: "Vice President Kamala Harris was ridiculed Tuesday after making a rather obvious quip in a speech about transportation. The Veep was seated alongside Transportation Secretary Pete Buttigieg for an event with disability rights advocates to increase transportation accessibility. 'This issue of transportation is fundamentally about just making sure that people have the ability to get where they need to go,' she said chuckling. 'It's that basic.'...Harris' latest cringey line comes after she awkwardly spewed out a 'word salad' when trying to define 'culture' at New Orleans' Essence Festival on Friday. 'Culture is - it is a reflection of our moment and our time. Right?' the vice president mused. 'And present culture is the way we express how we're feeling about the moment, and we should always find times to express how we feel about the moment,' Harris continued. 'That is a reflection of joy. Because, you know,' she said, pausing and then breaking into laughter, 'it comes in the morning.' She then added, 'We have to find ways to also express the way we feel about the moment in terms of just having language and a connection to how people are experiencing life. And I think about it in that way, too.'"

Energy Markets

WTI Crude Oil: ↑ $75.85
Natural Gas: ↑ $2.63
Gasoline: ↑ $3.55

Diesel: ↑ $3.85
Heating Oil: ↑ $260.79
Brent Crude Oil: ↑ $80.39
US Rig Count: ↑ 717

Donate

Subscribe to The Unregulated Podcast

Subscribe to The Plugged In Podcast

Connect with us on Facebook

Forward to a Friend

Our mailing address is:
1155 15th Street NW
Suite 525
Washington, DC xxxxxx

Want to change how you receive these emails?
update your preferences
unsubscribe from this list